As I've said and it was probably deleted, there are so many average to below average unlocked phones that run on GSM networks across the world. And all of them make money or they wouldn't continue to make and sell them. That's why you see 20 to 50 dollar phones in grocery stores. Even best buy has started carrying these well made, budget phones in the last year...Like Blu, Asus, Huawei. They are mostly 100 bucks or less. There's clearly even a demand here in the states for them, or Best Buy would not have started stocking the shelves alongside the expensive, flagship phones.
All of the harping on the preferred shares and Mike's background is fine, but it really comes down to a team making a phone at a decent price, selling it for a profit at a reasonable price, finding a distributor, and having a network to use those phones. That's it. That's always been it for me. Nothing needs to be revolutionary. It needs to be bare bones and they need a telecom somewhere in the world to work with. I'm making the gamble they can get it done and the pps down here is a distant memory. And as I've told you at least twice...if I'm wrong, I will come back and own it.
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